USDJPY – Down
Last week, Nothing significant happened on this pair. The USDJPY closed just a few pips from its opening price. Following the break and close above 23.6% fib level, 108.714, I expect further momentum towards the daily high 108.928 and could breakout even higher. The ideal is to wait for a pullback towards the 50.0% fib level to pick a long term buy towards 108.928, alternatively, conservative traders can wait for a break above the daily high to pick a low risk buy order with their take profit at 110.00.
Buy a retracement from 108.475 with your take profit at 108.928.
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